SHRT vs. ZIVB

Last updated Jun 5, 2026

SHRT (Gotham Short Strategies ETF) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. Both are actively managed. Both charge a 1.35% expense ratio.

Performance

SHRT vs. ZIVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gotham Short Strategies ETF (SHRT) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SHRT

• 1D: 0.06%
• 1M: -3.02%
• YTD: -17.15%
• 6M: -15.15%
• 1Y: -21.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZIVB

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SHRT vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
SHRT Gotham Short Strategies ETF	-1.74%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%

Return for Risk

SHRT vs. ZIVB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SHRT

SHRT Risk / Return Rank: 0
SHRT Sharpe Ratio Rank: 0
SHRT Sortino Ratio Rank: 0
SHRT Omega Ratio Rank: 0
SHRT Calmar Ratio Rank: 1
SHRT Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SHRT vs. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gotham Short Strategies ETF (SHRT) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SHRT	ZIVB	Difference
Sharpe ratio: Return per unit of total volatility	-1.66	—	—
Sortino ratio: Return per unit of downside risk	-2.46	—	—
Omega ratio: Gain probability vs. loss probability	0.74	—	—
Calmar ratio: Return relative to maximum drawdown	-0.95	—	—
Martin ratio: Return relative to average drawdown	-2.06	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SHRT	ZIVB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.79	—	—

Drawdowns

SHRT vs. ZIVB - Drawdown Comparison

The maximum SHRT drawdown since its inception was -25.98%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SHRT and ZIVB.

Drawdown Indicators

	SHRT	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-25.98%	0.00%	-25.98%
Max Drawdown (1Y) Largest decline over 1 year	-22.73%	—	—
Current Drawdown Current decline from peak	-25.70%	0.00%	-25.70%
Average Drawdown Average peak-to-trough decline	-8.15%	0.00%	-8.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.49%	—	—

Volatility

Volatility by Period

	SHRT	ZIVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.94%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.04%	0.00%	+13.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.77%	0.00%	+12.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.77%	0.00%	+12.77%

SHRT vs. ZIVB - Expense Ratio Comparison

Both SHRT and ZIVB have an expense ratio of 1.35%.

Dividends

SHRT vs. ZIVB - Dividend Comparison

SHRT's dividend yield for the trailing twelve months is around 0.08%, while ZIVB has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
SHRT Gotham Short Strategies ETF	0.08%	0.07%	0.85%	0.27%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, SHRT or ZIVB?

Both ETFs have the same 1.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SHRT or ZIVB?

SHRT and ZIVB have the same expense ratio: 1.35% per year.

Which ETF pays a higher dividend yield, SHRT or ZIVB?

SHRT has the higher dividend yield at 0.08%, compared with 0.00% for ZIVB.

What is the main difference between SHRT and ZIVB?

They also come from different issuers: Gotham and Volatility Shares.